(source: en.wikipedia.org)
Hackers siphoned away $320 million from the Liquid Network blockchain, the latest in a string of high-profile cryptocurrency thefts. In a post on social platform X Sunday (Sept. 6), the company said a group of “purported white-hat hackers” were behind the incidents. This is a...
Washington just sped up the clock on crypto regulation. And it could make the prospect of getting anything signed into law this year a ticking time bomb. House Republican leaders have canceled voting sessions for the final two weeks of September, removing eight legislative days...
A slowing stablecoin market could dampen the U.S. Treasury’s plan to sell government debt. That’s according to a report Friday (Sept. 4) by Bloomberg News, which noted that a downturn in cryptocurrency trading has crimped demand for stablecoins, in turn lessening a source of demand...
The most useful fraud signal in a cryptocurrency investment scam may not be the cryptocurrency transaction. It may be the customer’s balance sheet deteriorating in real time. That is among the key takeaways from a Financial Crimes Enforcement Network (FinCEN) analysis released Thursday (Sept. 3),...
The stablecoin market, in an evolution that belies its own prefix, is entering a period of flux. While the stablecoin market’s first phase rewarded issuance and liquidity, this week’s headlines suggest the bigger competition is moving somewhere else. Twenty-one major financial institutions are moving forward...
Stablecoin issuers deciding where to establish their regulatory home under the GENIUS Act are making a choice that could shape nearly every aspect of their business, from growth and product development to banking relationships and compliance costs. An analysis by consulting firm Ankura argued that...
Wyoming is furthering its collaboration with the Chainlink network to strengthen the states stablecoin efforts. The Wyoming Stable Token Commission, issuer of the first U.S.-state-issued stable token, announced Wednesday (Sept. 2) that it has “deepened its adoption of Chainlink to bring a new standard for reserve transparency by adopting...
Tether is facing a new lawsuit related to its freeze of 42.4 million of its USDT stablecoins. The lawsuit, filed Monday (Aug. 31) by a pair of Thai businessmen, alleged the company blocked the tokens months before United States authorities were granted a seizure warrant....
Cryptocurrency company Ethena has launched what it calls an “internet money neobank” called Ethena Pay. The new offering, which went live Tuesday (Sept. 1), includes card spending, dollar saving, international transfers and “Buy Now Pay Never where your savings rewards covers daily expenses,” as Ethena put it...